Cardano Falls 10% In Selloff

Photo: Investing.com

(Investing.com) - Cardano was trading at $1.117112 by 12:49 (17:49 GMT) on the Investing.com Index on Thursday, down 10.09% on the day. It was the largest one-day percentage loss since February 23.

The move downwards pushed Cardano's market cap down to $36.050002 billion, or 2.38% of the total cryptocurrency market capitalisation. At its highest, Cardano's market cap was $41.646475 billion.

Cardano had traded in a range of $1.117112 to $1.229926 in the previous twenty-four hours.

Over the past seven days, Cardano has seen a stagnation in value, as it only moved 1.93%. The volume of Cardano traded in the twenty-four hours to time of writing was $6.014676 billion or 4.61% of the total volume of all cryptocurrencies. It has traded in a range of $0.9930 to $1.4841 in the past seven days.

At its current price, Cardano is still down 24.73% from its all-time high of $1.48 set on February 27.

Elsewhere in cryptocurrency trading

Bitcoin was last at $49,002.1 on the Investing.com Index, down 4.55% on the day.

Ethereum was trading at $1,572.39 on the Investing.com Index, a loss of 3.20%.

Bitcoin's market cap was last at $919.765123 billion or 60.71% of the total cryptocurrency market cap, while Ethereum's market cap totaled $181.714890 billion or 11.99% of the total cryptocurrency market value.

Reprinted from Investing.com. The copyright is reserved by the original author.